DUR.H Delta Uranium

Delta Uranium Inc. (TSX VENTURE:DUR.H) ("Delta" or the "Company") announces that
it has negotiated with Augustine Ventures Inc. (CNSX:WAW) ("Augustine") for
Augustine to purchase furniture, fixtures, electronic, mining exploration and
computer equipment from Delta for the aggregate purchase price of $95,500 plus
applicable sales taxes. The purchase price will be settled by way of an
applicable reduction in the loan amount due and payable by Delta to Augustine
pursuant to a secured promissory note and will be included in its interim
results for the six month period ended August 31, 2012. For complete details of
the secured promissory note, please refer to the Company's press release of July
3, 2012.


In addition, Delta announces that it has also finalized its negotiations with
Augustine for Augustine to assume full tenancy of the current office space at 56
Temperance Street in Toronto, which Augustine has occupied since November 2010.
Pursuant to the arrangement, which is effective August 1 2012, Augustine would
be solely responsible for and would assume all of Delta's costs and obligations
pursuant to Delta's lease.


As Delta is a related party to Augustine by virtue of a common director,
officers and its shareholdings in Augustine, the above transaction would be
regarded as related party transaction. The transactions are exempted from the
valuation and disinterested shareholder approval requirements pursuant to the
applicable exemptions contained in Multilateral Instrument 61-101 - Protection
of Minority Security Holders in Special Transactions.

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